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Tag: Nigeria Central Bank of Nigeria (CBN)

CBN Moves To Curb $580m Yearly Cassava By-product Imports

CBN Moves To Curb $580m Yearly Cassava By-product Imports       Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of cassava by-products annually. To keep this money from leaving Nigeria, the Central Bank of Nigeria (CBN) has offered to extend funds and...

CBN Boosts Dollar Supply With New Rules On Domiciliary Accounts, Remittance

CBN Boosts Dollar Supply With New Rules On Domiciliary Accounts, Remittance         In an apparent move to boost dollar supply into the economy, the Central Bank of Nigeria (CBN) yesterday introduced new rules that allow beneficiaries of diaspora remittance and transfers into domiciliary accounts to receive...